Proposal to the Government of Ireland on Insurance Market Reform

The global exporting landscape is currently marked by unprecedented uncertainty
and volatility, driven by geopolitical tensions, trade tariffs, and the ongoing impacts
of climate change and digitalisation.

Compounding these challenges, the cost of doing business domestically continues
to rise. Added to this pressure, the cost of business insurance continues to rise.
Since the publication of the inaugural Insurance Reform Action Plan in 2020,
significant strides have been made, including the introduction of personal injuries
guidelines and the restructuring of what is now known as the Injuries Resolution
Board.

We acknowledge that insurance reform remains a government priority, with a
commitment to further reforms aimed at ensuring fairer pricing and fostering a more
competitive insurance market for exporters and the broader business community.

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